Are you saying corporations are the "ultra rich"?

Regardless, reducing corporate tax rates (and making repatriation of money held overseas) is nothing but a flat out WIN for the economy AND the public fisc.

quote:
This is hardly going to be a "middle-class" tax cut, as it will only get a sliver of what members of the lucky-sperm club like Trump and the Walton family will get

And how much in taxes to these people pay? You do realize that the rate that will apply to most of their income will only be reduced to 35% from 39.5%, right?

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Posted by TigersFan64

Baton Rouge, LA

Member since Oct 2014

4755 posts

Posted on 10/20/17 at 11:28 am to udtiger

quote:
Regardless, reducing corporate tax rates

You do realize that corporations don't pay anywhere NEAR the marginal tax rates that the Republicans are screeching about? Due to all the tax breaks and loopholes, corporations ALREADY are getting a windfall. And it's totally untrue that the U.S. is the highest taxed in the industrial world, anyway. That is another one of Trump's bald-faced lies.

quote:
You do realize that the rate that will apply to most of their income will only be reduced to 35% from 39.5%,

And you do realize the 39.5% rate only affects the affluent, right? If the Republicans want to spout off about how this is a "middle-class" tax cut, why not MAKE it truly a "middle-class" tax cut, and target it only at the middle class?

Besides, Trump is pushing for much deeper tax cuts than that, and you well know it. He and the Republicans are also pushing to do away with the federal estate tax, which definitely only affects the very, very wealthy. Doing away with the estate tax will not help the middle-class at all, since only 1 in 1,000 American households are affected by it.

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Posted by TigersFan64

Baton Rouge, LA

Member since Oct 2014

4755 posts

Posted on 10/20/17 at 11:48 am to udtiger

quote:
Regardless, reducing corporate tax rates (and making repatriation of money held overseas) is nothing but a flat out WIN for the economy AND the public fisc.

No, not a flat-out win. All objective analysis of the Trump/Republican tax plan say it will add at least $1.5 trillion to the national debt over ten years. That's anathema to fiscally responsible people, people who actually care about federal deficits and debt. Oh, but I forgot, you so-called "conservatives" only care about deficits and national debt when it's a Democratic President in the WH.

This post was edited on 10/20/17 at 11:49 am

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